Inpex of Japan said it has agreed to transfer 1.2% of its equity interest in the Ichthys LNG project in Australia to Kansai Electric Power.
Equity interest in the Ichthys LNG Project includes:
Equity interest owners in the Ichthys LNG project, in addition to Inpex, include Total, Tokyo Gas, Osaka Gas, Chubu Electric Power and Toho Gas. Inpex has also last year agreed to transfer 2.625% of equity interest in the project to CPC Corporation of Taiwan. This transfer is now in the process.
The Ichthys LNG project, which is currently being built, is expected to produce 8.4 million tonnes of LNG and 1.6 million tonnes of LPG per annum, along with approximately 100,000 barrels of condensate per day at peak.
LNG World News Staff, August 20, 2014; Image: Inpex